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Global Partners LP (GLP) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Global Partners LP (GLP) Q3 2026 earnings results →
Q3 2026 Revenue up 42% year over year to $6.7B · 1¢ of every $1 of revenue kept as net profit · operating margin 1.3%
Global Partners LP made $6.7B in Q3 2026 (+42% Y/Y): Wholesale segment $4.7B, GDSO $1.6B, Commercial segment $356M. Operating margin 1.3%, net earnings $52.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $6.7B in Q3 2026, up 42% year over year and down 2% from the previous quarter. Wholesale segment was the largest line at 71% of revenue. Wholesale segment added $1.6B year over year (up 52%), 82% of the total change.
Gross margin was 4.4%, down 1.4 points from Q3 2025. Operating profit was $0.08B, a 1.3% margin (down 0.1 points year over year). Of the extra revenue versus Q3 2025, 1% reached operating profit, below the 1% margin then. Operating expenses grew 1% against revenue growth of 42%. Net earnings were $0.05B, up 80% year over year. The effective tax rate was 1.5%.
Operating cash flow was $0.18B (up 845% year over year), 343% of net earnings. Non-cash charges added back $4.6M of share-based compensation. Working capital and other items added $0.12B. Capital expenditures of $0.04B left free cash flow of $0.14B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $6.7B | +42% | 1.3% | $52.4M | $180M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $6.8B | +47% | 1.6% | $71.0M | $309M |
| Q1 2026 | 10-Q | May 8, 2026 | $5.3B | +16% | 2.0% | $70.1M | −$105M |
| Q4 2025 | 10-K | Feb 27, 2026 | $4.6B | +11% | 1.2% | $25.1M | $101M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $4.7B | +6% | 1.3% | $29.0M | $19.0M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $4.6B | +5% | 1.3% | $25.2M | $216M |
| Q1 2025 | 10-Q | May 8, 2025 | $4.6B | +11% | 1.2% | $18.7M | −$51.6M |
Charts
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📈Investments: gains and what it boughtinteractive
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Customers and suppliers named in filings
Buys from
About Global Partners LP
Building on a legacy that began more than 90 years ago, Global Partners has evolved into a Fortune 500 company and industry-leading integrated owner, supplier, and operator of liquid energy terminals, fueling locations, and guest-focused retail experiences. Global Partners operates or maintains dedicated storage at 54 liquid energy terminals—with connectivity to strategic rail, pipeline, and marine assets—spanning from Maine to Florida and into the U.S. Gulf States. Through this extensive network, the company distributes gasoline, distillates, residual oil, and renewable fuels to wholesalers, retailers, and commercial customers.
In its own words, from its 8-K, filed Aug 7, 2026.
Global Partners LP against its Wholesale-Petroleum Bulk Stations & Terminals peers
The largest companies of the same SEC industry, each at its latest quarter.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| GLP Global Partners LP | Q3 2026 | $6.7B | +42% | 1.3% |
| MMLP Martin Midstream Partners L.P. | Q3 2026 | $232M | +37% | 4.4% |
Source: Global Partners LP 10-Q on SEC EDGAR · CIK 1323468 · Wholesale-Petroleum Bulk Stations & Terminals
Guidance and outlook
13F: who owns GLP and who is buying
More on GLP
- How Global Partners LP makes money: revenue by segment
- Global Partners LP next earnings date and what analysts expect
- Global Partners LP stock forecast, price target and fair value
- Who owns Global Partners LP stock: holders, funds and Congress trades
- Global Partners LP guidance and outlook
- Is Global Partners LP a takeover target? LBO and rumors
- Global Partners LP recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Global Partners LP gross margin by quarter
- Global Partners LP operating margin by quarter
- Global Partners LP net income by quarter
- Global Partners LP free cash flow by quarter
- Global Partners LP capital expenditures by quarter
- Global Partners LP Wholesale segment revenue by quarter
- Global Partners LP GDSO revenue by quarter
- Global Partners LP Commercial segment revenue by quarter